Sierra Tactical Correlations

STBJX Fund

USD 26.74 0.03 0.11%

The current 90-days correlation between Sierra Tactical Bond and HUMANA INC is 0.05 (i.e., Significant diversification). The correlation of Sierra Tactical is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Sierra Tactical Correlation With Market

Very weak diversification

The correlation between Sierra Tactical Bond and DJI is 0.52 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sierra Tactical Bond and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sierra Tactical Bond. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in inflation.

Moving together with Sierra Mutual Fund

0.8	SRSNX	Sierra Tactical Risk	Pair Corr
0.81	SRSJX	Sierra Tactical Risk	Pair Corr
0.89	SRTJX	Sierra Tactical Risk	Pair Corr
0.87	SRTNX	Sierra Tactical Risk	Pair Corr
0.99	STBDX	Sierra Tactical Bond	Pair Corr
1.0	STBNX	Sierra Tactical Bond	Pair Corr
0.81	STENX	Northern Lights	Pair Corr
0.81	STEJX	Northern Lights	Pair Corr
0.67	SIRZX	Sierra E Retirement	Pair Corr
0.7	SIRRX	Sierra E Retirement	Pair Corr
0.68	SIRAX	Sierra E Retirement	Pair Corr
0.67	SIRIX	Sierra E Retirement	Pair Corr
0.61	SIRCX	Sierra E Retirement	Pair Corr
0.68	SIRJX	Sierra E Retirement	Pair Corr
0.89	SRFNX	Sierra Tactical Risk	Pair Corr
0.86	SRFKX	Sierra Tactical Risk	Pair Corr
0.89	SRFJX	Sierra Tactical Risk	Pair Corr
0.69	JSORX	Jpmorgan Strategic Income	Pair Corr
0.69	JSOZX	Jpmorgan Strategic Income	Pair Corr
0.68	JSOCX	Jpmorgan Strategic Income	Pair Corr
0.69	JSOSX	Jpmorgan Strategic Income	Pair Corr
0.69	JSOAX	Jpmorgan Strategic Income	Pair Corr
0.63	LSHUX	Horizon Spin Off Steady Growth	Pair Corr
0.64	LSHEX	Kinetics Spin Off Steady Growth	Pair Corr
0.64	LSHCX	Horizon Spin Off Steady Growth	Pair Corr
0.64	WWNPX	Kinetics Paradigm Steady Growth	Pair Corr
0.64	KNPCX	Kinetics Paradigm Steady Growth	Pair Corr
0.65	OSPPX	Oppenheimer Steelpath Mlp	Pair Corr
0.65	SPMPX	Invesco Steelpath Mlp	Pair Corr

Related Correlations Analysis

	444859BR2	AQUI	BRRAY	MSTSX	LBHIX	ABHYX	SCAXF	VIASP	AAEVX	RRTLX
444859BR2		0.0	0.22	-0.53	-0.54	-0.03	0.41	-0.41	-0.69	-0.44	444859BR2
AQUI	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	AQUI
BRRAY	0.22	0.0		-0.45	-0.35	-0.4	-0.04	0.1	-0.32	-0.47	BRRAY
MSTSX	-0.53	0.0	-0.45		0.67	0.34	-0.02	-0.08	0.75	0.81	MSTSX
LBHIX	-0.54	0.0	-0.35	0.67		0.51	-0.29	0.22	0.68	0.69	LBHIX
ABHYX	-0.03	0.0	-0.4	0.34	0.51		-0.05	-0.17	0.07	0.41	ABHYX
SCAXF	0.41	0.0	-0.04	-0.02	-0.29	-0.05		-0.8	-0.43	-0.07	SCAXF
VIASP	-0.41	0.0	0.1	-0.08	0.22	-0.17	-0.8		0.41	0.01	VIASP
AAEVX	-0.69	0.0	-0.32	0.75	0.68	0.07	-0.43	0.41		0.82	AAEVX
RRTLX	-0.44	0.0	-0.47	0.81	0.69	0.41	-0.07	0.01	0.82		RRTLX
	444859BR2	AQUI	BRRAY	MSTSX	LBHIX	ABHYX	SCAXF	VIASP	AAEVX	RRTLX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

RRTLX	+ 0.82	AAEVX
RRTLX	+ 0.81	MSTSX
AAEVX	+ 0.75	MSTSX
RRTLX	+ 0.69	LBHIX
AAEVX	+ 0.68	LBHIX
LBHIX	+ 0.67	MSTSX

High negative correlations

VIASP	- 0.8	SCAXF
AAEVX	- 0.69	444859BR2
LBHIX	- 0.54	444859BR2
MSTSX	- 0.53	444859BR2
RRTLX	- 0.47	BRRAY
MSTSX	- 0.45	BRRAY

Risk-Adjusted Indicators

There is a big difference between Sierra Mutual Fund performing well and Sierra Tactical Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Sierra Tactical's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
444859BR2	1.35	(0.09)	0.00	(0.14)	0.00	0.00	5.93	(5.79)	16.62
AQUI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BRRAY	1.27	(0.13)	0.00	0.01	0.00	0.00	0.00	(2.98)	34.02
MSTSX	0.49	(0.04)	(0.13)	0.06	0.52	(0.61)	1.21	(1.02)	2.80
LBHIX	0.11	0.01	(0.42)	0.38	0.00	(0.29)	0.24	(0.24)	0.96
ABHYX	0.17	0.00	(0.24)	0.19	0.25	(0.24)	0.34	(0.33)	1.91
SCAXF	0.70	(0.41)	0.00	(0.98)	0.00	0.00	0.00	0.00	23.47
VIASP	0.74	0.07	(0.04)	(2.04)	1.13	(0.80)	2.28	(1.20)	7.18
AAEVX	0.48	0.05	(0.10)	(2.13)	0.54	(0.57)	0.93	(0.77)	2.76
RRTLX	0.23	0.00	(0.34)	0.13	0.26	(0.26)	0.48	(0.56)	1.36

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